Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Commercial Metals Company (CMC - Free Report) .
Commercial Metals in Focus
CMC may be an interesting play thanks to its forward PE of 9.2, its P/S ratio of 0.7, and its decent dividend yield of 1.6%. These factors suggest that Commercial Metals is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that CMC has decent revenue metrics to back up its earnings.
But before you think that Commercial Metals is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 5.4% in the past 30 days, thanks to two upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push CMC to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.
So really, Commercial Metals is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Commercial Metals Company (CMC - Free Report) .
Commercial Metals in Focus
CMC may be an interesting play thanks to its forward PE of 9.2, its P/S ratio of 0.7, and its decent dividend yield of 1.6%. These factors suggest that Commercial Metals is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that CMC has decent revenue metrics to back up its earnings.
But before you think that Commercial Metals is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 5.4% in the past 30 days, thanks to two upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push CMC to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.
So really, Commercial Metals is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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